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    1103 - 40 Homewood Ave

    $450,0001 bd1 ba0 pk560 sqft
    9 Days on Strata
    Est Sell Timeframe:
    19 Days
    $450,000
    Price Cut: $462,000
    1 Bed
    1 Bath
    0 Parking
    560 SQFT

    Listing History


    Details

    Property Type:

    Condo

    Maintenance Fees:

    $594/mth

    Taxes:

    $1,888 (2025)

    Cost Per Sqft:

    $804/sqft

    Outdoor Space:

    Balcony

    Locker:

    Exclusive

    Exposure:

    West

    Possession Date:

    To Be Arranged

    Laundry:

    Lower

    Amenities

    Party Room
    Bike Storage
    Concierge
    Sauna
    Indoor Pool
    Security System
    Gym
    Visitor Parking
    Rec Room

    About this Listing

    A RARE find is this spacious 1 bedroom condo in downtown Toronto at this price available for immediate possession. Located close to every convenience, 24 hr. grocery, restaurants, TTC, parks, arts & entertainment, schools/university and short walk to Financial District, Yorkville, Church-Wellesley, Mattamy Centre, Eaton Centre and more. This bright spacious condo has a fully renovated kitchen, updated bathroom, the walls have been sanded and painted throughout so just ready to move in. The open concept living, dining, entertaining space, parquet flooring throughout, large west facing wall to wall windows, oversized private balcony with newer sliding patio doors and a newer bedroom window are a few of the other great features. The building has undergone a major, hotel-like, refurbishment of the common areas including new carpeting/painting in the hallways, unit doors, elevator fasade etc. The building amenities have previously been updated and a must see; gym, indoor pool, change rooms/sauna, party/billiards room, library, meeting room/workspace, laundry room, patio. Visitor parking and 0vernight visitor parking upon availability. Unit pictures have been virtually staged. See unit floor plan.

    ExtrasMaintenance fees included utilities and cable TV. Chattels Included: Fridge, Stove, Hood fan, Newer B/I Dishwasher, S/S Microwave, ELF's, Track lighting, Ceiling fan, Newer AC (not installed), Bedroom blinds. New tiles intended for foyer and kitchen not installed.

    re/max hallmark realty ltd.MLS® #C12068333

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Hydro
    Heat
    Water
    Building Maintenance
    Building Insurance
    Not Included
    Air Conditioning

    Utility Type

    Air Conditioning

    Wall Unit

    Heat Source

    No Data

    Heating

    Radiant

    Room Dimensions

    Living

    Parquet Floor, Combined with Dining, Walkout To Balcony

    13.42 x 13.81ft

    Dining

    Parquet Floor, Open Concept, Combined with Living

    13.42 x 13.81ft

    Kitchen

    Open Concept, Breakfast Bar, Tile Floor

    10.43 x 8.43ft

    Bedroom

    Parquet Floor, Mirrored Closet, West View

    10.96 x 14.47ft

    Bathroom

    4 Piece Bath, Track Lights, Tile Floor

    7.19 x 5.84ft

    Foyer

    Formal Room, Mirrored Closet, Track Lights

    7.35 x 6.82ft

    Other

    Balcony, West View, Sliding Doors

    13.42 x 7.05ft

    Buyer's Market
    Balanced
    Seller's Market

    Similar Listings

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%


    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    35
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    21.6
    YEARS before being sold again

    Property Value

    -21%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 37 condos in the Cabbagetown area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 37 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 37 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 37 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 37 condos in the Cabbagetown neighbourhood

    Market Insights

    Transaction Insights at 40 Homewood Avenue Condos

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$390,000 - $440,000$415,000 - $525,000No Data$510,000 - $589,000
    Avg. Cost Per Sqft$1,017$819No Data$700
    Avg. Wait for Unit Availability90 Days27 DaysNo Data69 Days
    Ratio of Units in Building17%58%1%24%

    Market Inventory

    Total number of units listed and sold in Cabbagetown


    The information on this website is taken from sources deemed reliable. However, the accuracy cannot be guaranteed and it is the responsibility of the website user to personally verify all information. The property information herein is derived from various sources that may include, but are not limited to, municipal records and the Multiple Listing Service, and may include approximations.

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